FYI: The world’s most famous stock-picker showed a growing appetite for equities in the third quarter -- including a rare move to buy his own firm’s shares. Now, October’s market slide opens the door for Warren Buffett to finally make a dent in his giant pile of cash.
Berkshire Hathaway Inc.’s chairman poured more money into stock purchases last quarter than he has in more than four years. Buffett also spent $928 million on share buybacks during a few weeks in August, a move he’s typically spurned. While the repurchases amounted to less than 1 percent of the company’s cash, they set a new precedent.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-11-05/buffett-s-buying-shows-hunger-for-stocks-including-his-own
